Executive Board
Board Discussions
on Hungary:

March 27, 2015
March 18, 2013
January 18, 2012
June 8, 2011
January 31, 2011

Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 2.8 2.3
Consumer Prices 0.3 2.3
Source: World Economic Outlook (October 2014)
Please refer to more recent Press Release/Staff reports on this country for possible revisions.

Hungary: Financial Position in the Fund

Transactions with the Fund

IMF Resident Representative
Office in Hungary

Regional Office for Central Europe and Baltics

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Hungary and the IMF
Updated January 30, 2015

The last Article IV Executive Board Consultation was on March 27, 2015. Listed below are items related to Hungary, in reverse chronological order (you can also view items by category).

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February 16, 2009 -- Press Release: IMF Announces Staff-Level Agreement with Hungary on First Review of Stand-By Arrangement
January 29, 2009 -- 10 Years of the Euro: A Perspective from the IMF, by Sean Hagan at the European Central Bank in Frankfurt
January 23, 2009 -- Hungary - Stand-By Arrangement - Interim Review Under the Emergency Financing Mechanism
Series: Country Report No. 09/21
January 14, 2009 -- IMF Survey: IMF Helping Counter Crisis Fallout in Emerging Europe
The financial crisis has hit Europe hard. In an interview, IMF European Department head Marek Belka talks about Europe's prospects for recovery and the principles that guide the Fund as it seeks to help Europe's emerging economies counter the fallout of the crisis.
January 13, 2009 -- Press Release: Statement by IMF Managing Director Dominique Strauss-Kahn at the Conclusion of his Visit to Hungary
January 13, 2009 -- "The Hungarians made their own contribution", Dominique Strauss-Kahn, Interview with Népszabadság
January 12, 2009 -- IMF Survey: Hungary: Markets Have Stabilized, but Long Road Ahead
Hungary's financial markets have stabilized since the IMF approved a $15.7 billion loan to back a program designed to ease financial market stress and support economic activity. But the road ahead is long, says James Morsink, the IMF's mission chief for Hungary.
January 09, 2009 -- Press Release: IMF Managing Director Dominique Strauss-Kahn to Visit Hungary
December 15, 2008 -- Press Release: Statement by an IMF Staff Mission to Hungary
November 21, 2008 -- Transcript of a Press Conference on the Executive Board Approval of a Stand-by Arrangement for Hungary, With Anne-Marie Gulde, Senior Advisor in the IMF's European Department and Mission Chief for Hungary, James Morsink, Division Chief in the European Department
November 17, 2008 -- Hungary: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
Series: Country Report No. 08/361
November 06, 2008 -- Press Release: IMF Executive Board Approves 12.3 Billion Euro Stand-By Arrangement for Hungary
November 06, 2008 -- IMF Survey: IMF Agrees $15.7 Billion Loan to Bolster Hungary's Finances
The IMF's Executive Board approves a $15.7 billion loan for Hungary as part of a program designed to ease financial market stress in the East European country while supporting longer-run economic goals of reforming government finances and the banking sector.
November 04, 2008 -- Hungary -- Letter of Intent and Technical Memorandum of Understanding, November 04, 2008
PDF File Size: 273Kb
October 30, 2008 -- Transcript of a Press Conference by IMF Chief Dominique Strauss-Kahn on the Launch of a New Lending Facility for Emerging Markets
October 28, 2008 -- Press Release: IMF Announces Staff-Level Agreement with Hungary on 12.5 Billion Euro Loan (US$15.7 billion); European Union, World Bank to Lend, Too
October 28, 2008 -- IMF Survey: IMF, EU, and World Bank Line Up $25 Billion for Hungary
The IMF, the European Union, and the World Bank announce a joint financing package for Hungary totaling $25 billion to bolster its economy, hit by recent financial market turbulence. The announcement followed earlier outline agreements on IMF financing for Iceland and Ukraine.
October 26, 2008 -- Press Release: IMF and Hungary Agree on Policies to be Supported by International Community
October 26, 2008 -- IMF Survey: IMF Set to Lend Ukraine $16.5 Billion, In Talks With Hungary
The IMF says it has reached a tentative agreement with Ukraine to lend the eastern European country $16.5 billion to help it combat a series of economic problems tied to the international financial turmoil and announced broad agreement with Hungary on a set of policies designed to bolster near-term stability.
October 22, 2008 -- IMF Survey: IMF in Talks on Loans to Countries Hit by Financial Crisis
The IMF, which has announced its readiness to lend billions of dollars to support nations hit by fallout from the global financial turmoil, is holding talks with several countries about possible new lending programs, as well as advising governments how to react to the economic downturn.

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